The secondary target between 847.5 to 854.5 meters has a calculated net gas pay of two meters but testing of this interval will be carried out at a later date. The well is being completed as a potential producer.
A full technical evaluation of all the results of the well is underway. This will allow for forward planning as a precursor to further assessment of the resource, including conducting an extended well test to give a more complete estimation of the reserves. The drilling rig will now move to commence drilling the last well of the planned six well drilling programme in the area.
The Sebou permit lies to the north-east of Rabat in the Rharb basin in Morocco. The Rharb basin is a foredeep basin located in the external zone of the Rif Folded belt. The concession agreement, in which Circle Oil has a 75% share and ONHYM, the Moroccan State oil company, has a 25% share, includes the right of conversion to a production license of 25 years, plus extensions in the event of commercial discoveries.
